You get the vredits from the seller, however, you need to check with your lender doing the 80% first. Most will not allow a 20% second, not to mention the seller giving you additional funds at closing.
I was reading a article that said if I get 80% financing from the bank and 20% from the seller and ask for credits at closing for improvements and repairs I could finance for 110%. How would I work that? Who do I ask the credits from? How can I structure it? If you can help, please do so. I am working on a deal and I need all the help I can get. I am just a novice.